Grad Plus

The Federal GRAD PLUS Loans are federally funded for a graduate/professional student borrowing a PLUS loan for his/her own education. Grad PLUS loan terms are the same as the parents loan. Graduate students are eligible for an in-school deferment until their status changes to less than half-time.

The Grad PLUS loan available for graduate/professional students is a fixed rate of 8.5%. The PLUS MPN addendum contains important information about the Grad PLUS loan for graduate/professional students.

To begin the pre-approval process and complete or E-sign your GRAD PLUS MPN,

If you choose not to sign your GRAD PLUS Master Promissory Note (GRAD PLUS MPN) electronically when you apply online, print the GRAD PLUS MPN, sign it, and return to our Servicing Agent at the following address:

COSTEP

c/o Loan Origination Department

P.O. Box 60

Edinburg, Texas 78540